Lates News

The data center affiliated with Google is seeking to raise $5.7 billion through issuing junk bonds, which is expected to become the largest financing transaction of its kind in the artificial intelligence expansion wave. According to sources familiar with the matter, Morgan Stanley has started marketing on Wednesday and is expected to price the bonds as early as this week. The funds raised will be used to build two data centers within a park in Sullivan County, Indiana. These facilities will be leased to the cloud computing startup Fluidstack and supported by Google in the background. Data shows that this transaction is not only the largest in terms of the size of data centers, but also the largest junk bond transaction ever dominated by a single Wall Street institution (Morgan Stanley).